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Japanese firm Gunze's net sales at ¥101.45 bn in 9M FY23
06 Feb 24 1 min read
Insights
- Gunze reported a 2.3 per cent decrease in net sales to ¥101.45 billion in 9M FY23, with a significant profit increase.
- Operating profit rose 28.8 per cent to ¥6.17 billion, and profit to owners grew by 2.9 per cent to ¥3.99 billion.
- The apparel segment saw a 1.2 per cent sales drop but a 454.8 per cent operating profit surge to ¥2.02 billion.
Profit attributable to owners of the parent also experienced growth, albeit at a slower pace, with a 2.9% increase YoY to ¥3.99 billion, the company said in a press release.
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A notable highlight from the report is the performance of Gunze's apparel business. Despite a modest decrease in net sales, which dropped by 1.2% YoY to ¥46.44 billion, the operating profit for this segment soared. The apparel business recorded an operating profit of ¥2.02 billion, marking an impressive increase of 454.8% compared to the same period last year.
Fibre2Fashion News Desk (DP)
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